Question: 1 . You received $ 7 , 5 0 0 in inheritance. A local credit union offers a 1 0 - year certificate of deposit
You received $ in inheritance. A local credit union offers a year certificate of deposit CD that earns in simple interest annually. During the year term, you cannot withdraw your investment early without receiving a financial penalty. points total
a If you invest the $ inheritance, how much money would you earn in simple interest from the CD when it matures after years Round your answer to the nearest cent.
b If you invest the $ how much money would you have in total from the CD when it matures?
c If you withdraw your investment before the end of the year term, you will be penalized a half of a years worth of interest. How much money would the $ CD be worth if you withdrew your money exactly years into the investment? Round your answer to the nearest cent.
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